XML 23 R6.htm IDEA: XBRL DOCUMENT v3.22.1
Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Apr. 30, 2022
Apr. 30, 2021
Cash flows from operating activities:    
Net loss $ (6,438,258) $ (13,982,504)
Adjustments to reconcile net loss to net cash flows used in operating activities:    
Depreciation and amortization 1,620 5,413
Stock-based compensation 1,475,141 1,129,446
Stock issued for services 1,610,000 193,250
Amortization of beneficial conversion feature, debt discount and closing costs 555,884 593,787
In-process R& D 0 8,260,000
Financing costs paid with stock 0 169,000
Decrease in asset purchase liability (1,936) 1,125,026
Gain on forgiveness of long-term debt 0 (50,000)
Changes in operating assets and liabilities:    
Increase in prepaid expenses and other current assets (255,255) (38,333)
Increase (decrease) in accounts payable (166,826) 69,457
Increase in accrued wages 563,733 35,170
Increase in accrued interest 101,086 29,056
Net cash used in operating activities (2,554,811) (2,461,232)
Cash flows from investing activities:    
Purchase of patents (45,220) 0
Net cash used in investing activities (45,220) 0
Cash flows from financing activities:    
Proceeds from notes payable 375,000 1,565,000
Principal payments made on notes payable (37,269) (305,470)
Financing closing costs paid with cash 0 (169,000)
Proceeds from equity financing 1,972,016 2,685,975
Net cash provided by financing activities 2,309,747 3,776,505
Increase (decrease) in cash (290,284) 1,315,273
Cash:    
Beginning of period 556,584 62,952
End of period 266,300 1,378,225
Supplemental disclosure of non-cash information:    
Cash paid for interest 954 30,310
Common stock issued for debt financing commitment shares 68,718 197,400
Common stock issued for conversion of notes payable and related accrued interest 0 442,200
Warrants issued in connection with financings 0 634,056
Original issue discount on debt 0 169,200
Stock issued in exchange for closing costs 0 124,965
Beneficial conversion feature recognized $ 0 $ 19,780